Relevant and even prescient commentary on news, politics and the economy.

Verdict of History

I did not want to scare you so I downsized it. I believe this is actually supposed to the new penny to replace the old Lincoln pennies. However, it is labeled as a $1 dollar coin. Given the nature of the person, we can be sure the coin will be accepted for the value stated. […]

College Republican does racial profiling

I understand why this gets ignored by the MSM. Republican racism isn’t news. “The president of Boston University College Republicans wrote on X he called the U.S. Immigration and Customs Enforcement requesting it detain employees at Allston Car Wash, the site of a Nov. 4 raid where nine employees were arrested.” *snip* “The nine detained […]

Light vehicle sales and transportation of goods: the next recession caution shoe may have dropped

– by New Deal democrat Although the temporary continuing resolution was signed last night, reopening the Federal government through January, needless to say the reporting of economic statistics has not yet resumed, meaning that this morning’s scheduled reports on consumer inflation and retail sales for October were not released. So we must continue to rely on […]

Spending Cuts Over More Taxes to Cut Deficit

Some of what people favor is ok until they are impacted by increased taxes, spending cuts, and reducing programs. Suggestions politicians and political interests are looking over. Some are unlikely to ever pass Congress. Although, whacking Medicaid recipients was largely supported by Republicans and Tru_p. Eleven to fifteen million citizens will lose coverage. “Americans Favor […]

Penny RIP

I see where the Philadelphia mint yesterday pressed the last penny. This holds a little nostalgic interest for me in that I collected pennies when I was a kid. Back then, there were three mints—Philadelphia, San Francisco and Denver—so a complete set for any given year meant getting pennies from each mint. The coins minted […]

Important thought for the day: lessons from SuperNanny “about Caving”

– by New Deal democrat From Avika M. Cohen, “Litigation Disaster tour guide”: ——- Ppl need to understand what’s happening here. The GOP response to the shutdown was: You’re gonna cave, or we’re going to hurt vulnerable people by shutting off SNAP. The Dems, unwilling to let that happen, caved. Having watched that, the GOP is […]

Money where their mouth isn’t

The Republican Party and the American right-wing (but I repeat myself) has been predicting for over 100 years the doom of the US if liberals or moderates are elected. Yet somehow, these absurd prophecies are evergreen. “Fox News host Sean Hannity on Tuesday ranted about the supposed dangers of New York City Mayor-elect Zohran Mamdani, […]

Why is the housing crisis global?

Demand, Costs, and Regulation . . . The one-handed economist Gary @ YouTube gives one good answer: the rich are buying all the houses. So go watch that, to learn about one shift on the demand side. Shifts in demand are caused by, among other things, changes in income or taste. The rich have more income so they […]

Average Tariff Rate Under Trump is Highest Since 1940s

In 2024, before the renewed trade war, the US tariff rate stood just under 2.5 percent. Between the new emergency IEEPA tariffs and national security Section 232 tariffs, we estimate it will rise to 13.0 percent. That’s the highest tariff rate since 1941.  The government has been shut down for 40 days, delaying key federal […]